Market Overview:
The global heart valve devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in heart valve devices, and rising geriatric population. The global heart valve replacement devices market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in heart valve replacement devices, and rising geriatric population. The global heart valve repair devices market is expected to grow at a CAGR of 4% from 2018to 2030 .
Product Definition:
Heart valve devices are medical devices used to replace or repair a heart valve. They can be used in people with heart valve disease to improve the flow of blood through the heart.
Heart Valve Replacement Devices:
A heart valve is a device that controls the flow of blood through an opening in the heart. There are two types of valves: leaflet and disc. The valve in the human heart is made up of tissues, mostly fat, and needs to be replaced regularly because it gets damaged or diseased.
Heart Valve Repair Devices:
The heart valve repair devices are used to treat a damaged heart valve. The damaged heart valve causes the blood to clot more quickly which can lead to a stroke or a cardiovascular disease. The repair devices consist of two parts, the patch and the stent.
The patch is an adhesive device that is placed on either side of the damaged area in order to reinforce it.
Application Insights:
Based on the application, the global market has been segmented into hospitals and ambulatory surgical centers. The hospitals segment dominated the overall market in 2017 owing to a high prevalence of heart valve diseases and growing awareness about these devices. According to data published by NHEFS, around 646,000 Americans aged 65 years or above were living with a heart valve disorder in 2015. Furthermore, an estimated 1 in every 3 deaths occur due to cardiovascular disease (CVD) globally. Thus, increasing number of patients suffering from CVD is expected to drive demand for heart valve replacement devices over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the prevalence of valvular diseases, high purchasing power and awareness among individuals about available treatment options. Moreover, increasing government initiatives for R&D activities related to heart valves are expected to fuel growth over the forecast period. For instance, according to data published by National Center for Health Statistics (NCHS), around 6.9 million people were living with heart failure in U.S.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to factors such as improving healthcare infrastructure & reimbursement policies coupled with growing target population base especially in developing countries like India and China.
Growth Factors:
- Increasing incidence of heart valve diseases: The global prevalence of heart valve diseases is increasing at an alarming rate. This is primarily due to the changing lifestyles and dietary habits of people across the world. As a result, there is a growing demand for effective and affordable heart valve devices.
- Technological advancements in heart valve devices: The medical device industry is constantly evolving with new technological advancements being made in the field of cardiac surgery and treatment options for heart valve diseases. This is resulting in better quality, more reliable and safer Heart Valve Devices products being made available to patients worldwide.
- Growing awareness about Heart Valve Devices: There has been a significant increase in awareness about the benefits of using Heart Valve Devices among both doctors and patients in recent years. This has led to an increase in demand for these devices from both developed and developing countries alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heart Valve Devices Market Research Report
By Type
Heart Valve Replacement Devices, Heart Valve Repair Devices
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
Abbott, CryoLife, Boston Scientific, Edward Lifesciences, TTK HealthCare, JenaValve Technology, Medtronic, Neovasc, Sorin Group, Micro Interventional, Abbott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Heart Valve Devices Market Report Segments:
The global Heart Valve Devices market is segmented on the basis of:
Types
Heart Valve Replacement Devices, Heart Valve Repair Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott
- CryoLife
- Boston Scientific
- Edward Lifesciences
- TTK HealthCare
- JenaValve Technology
- Medtronic
- Neovasc
- Sorin Group
- Micro Interventional
- Abbott
Highlights of The Heart Valve Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heart Valve Replacement Devices
- Heart Valve Repair Devices
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heart Valve Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heart valve devices are medical devices that help to maintain the normal function of the heart. These devices can be used to replace a damaged or defective heart valve, or they can be used in combination with other treatments to improve the quality of life for people with heart disease.
Some of the major players in the heart valve devices market are Abbott, CryoLife, Boston Scientific, Edward Lifesciences, TTK HealthCare, JenaValve Technology, Medtronic, Neovasc, Sorin Group, Micro Interventional, Abbott.
The heart valve devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heart Valve Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heart Valve Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heart Valve Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heart Valve Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heart Valve Devices Market Size & Forecast, 2018-2028
4.5.1 Heart Valve Devices Market Size and Y-o-Y Growth
4.5.2 Heart Valve Devices Market Absolute $ Opportunity
Chapter 5 Global Heart Valve Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Heart Valve Devices Market Size Forecast by Type
5.2.1 Heart Valve Replacement Devices
5.2.2 Heart Valve Repair Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heart Valve Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Heart Valve Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heart Valve Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heart Valve Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Heart Valve Devices Analysis and Forecast
9.1 Introduction
9.2 North America Heart Valve Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Heart Valve Devices Market Size Forecast by Type
9.6.1 Heart Valve Replacement Devices
9.6.2 Heart Valve Repair Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Heart Valve Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Heart Valve Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Heart Valve Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Heart Valve Devices Market Size Forecast by Type
10.6.1 Heart Valve Replacement Devices
10.6.2 Heart Valve Repair Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Heart Valve Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Heart Valve Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heart Valve Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Heart Valve Devices Market Size Forecast by Type
11.6.1 Heart Valve Replacement Devices
11.6.2 Heart Valve Repair Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Heart Valve Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Heart Valve Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Heart Valve Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Heart Valve Devices Market Size Forecast by Type
12.6.1 Heart Valve Replacement Devices
12.6.2 Heart Valve Repair Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Heart Valve Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Heart Valve Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heart Valve Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Heart Valve Devices Market Size Forecast by Type
13.6.1 Heart Valve Replacement Devices
13.6.2 Heart Valve Repair Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Heart Valve Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heart Valve Devices Market: Competitive Dashboard
14.2 Global Heart Valve Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 CryoLife
14.3.3 Boston Scientific
14.3.4 Edward Lifesciences
14.3.5 TTK HealthCare
14.3.6 JenaValve Technology
14.3.7 Medtronic
14.3.8 Neovasc
14.3.9 Sorin Group
14.3.10 Micro Interventional
14.3.11 Abbott
